What Is the Role of the Fiduciary Principle in Matters

question 36

Multiple Choice

What is the role of the fiduciary principle in matters with respect to corporate law relating to governance?

• A) to impose duties owed to the board of directors
• B) to impose duties owed to the corporation
• C) to uphold duties owed to creditors
• D) to uphold duties owed to a group of shareholders

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Definitions:

Housing

Refers to the construction and assignment of houses or buildings for the purpose of providing shelters or places to live.

Income

The money received by an individual or business in exchange for labor, services, or investments over a given period.

Strawberries

A sweet, red fruit that is widely consumed around the world, known for its unique flavor and nutritional benefits.

Bananas

A type of fruit that is elongated, curved, and yellow when ripe, known for its soft, sweet flesh.